Sponsored by:

DerivOps North America 2016

April 11th - 12th

JW Marriot / Chicago, IL

BY GEOGRAPHY

Canada

Western USA

Southwest USA

Greater Chicago area

Great NYC area

Northeast USA

Mid-Atlantic USA

Southeast USA

Midwestern USA

BY SECTOR

Asset Manager

Asset Owner

Bank

Regulator

Solutions Provider

Consulting

Press

Chairman Massad’s

interview with FTF News

Industry News at Your

Fingertips

Immerse yourself in cutting-edge conversations

• The New Derivatives Business Model• Collateral Requirements Across the Globe• Derivatives ID Standard• Derivatives Data• STP and Collateral Management• Clearing Requirements• Post-trade reconciliations of derivatives• CCPs and risk• FCM Profitability• BCBS-IOSCO• Collateral Management of the Future• What’s Next for SEFs• And more!

Titles: C-level, SVP, EVP, Global Heads, Managing

Directors, Department Heads and Managers, Senior-level

Associates, Specialists, Technology Managers

Expertise: Operations, OTC and Listed Derivative

Operations, Collateral Management, Liquidity Management, Clearing, Compliance, Regulatory

Change, Derivatives Technology, Dodd-Frank and

EMIR, Operational Risk

“The event is essential for anyone who

has a portfolio of derivatives or supports clients who

have exposure to derivatives.”

– DTCC Attendee

“It’s a great time to hear from both buy side

peers in my case, vendors that offer solutions to some

derivatives challenges that you may be facing

and also meet with clearing house

representatives and FCMs and it’s just a

great place to network with peers and to hear

what’s going on in derivatives operations.”

– Nuveen Attendee

Network with peers across the industry, across the world

$279/night at Exclusive

JW Marriott

Luxurious Setting

End Users Service Providers

$1225 $1995

Premier Member Pricing:

Group discounts available

More info

Be a leader of the derivatives community.

Day One

Breakfast and Check-In

at 8:15 am

3

9:00 am Chairperson’s Welcome & Opening RemarksPhil Sindel, Senior Managing Director, Olmstead Associates

9:20 am

10:00 am

General Session: The New Derivatives Business ModelEight years on from the financial crisis, the derivatives world is very different than in 2008. This panel will discuss how the business model has developed and what obstacles the back office faces to support innovation in increasing trade volumes and offering new services.

Moderator: David Mengle, Senior Risk Advisor – OTC Derivatives, National Futures Association

Eric Bolisay, Vice President – Head of Derivatives Strategic Operations, T. Rowe PriceLisa Seim, Principal, Strategic Exchanges Innovative Markets on behalf of OpenLink

Lisa A. Cavallari, Director, Fixed Income Derivatives, Russell InvestmentsMaan Bsat, Head of FusionInvest Business Solutions Group, Americas, MISYS

Passing Time

10:10 am Optimizing Collateral forUncleared DerivativesAs the global derivatives industry moves ahead with reform, regulators globally have been issuing new rules governing collateral for uncleared derivative instruments. This panel will take on the hottest subject rocking the global derivatives trading landscape. Panelists will provide detailed clarity on the new rules taking shape and will cover regional differences, the impact on the buy side, and other challenges on the horizon.Moderator: Scott Linden, Managing Director, Wilmington Trust, N.A.Glenn Graham, President, Golden Point Capital ManagementDavid Mengle, Senior Risk Advisor – OTC Derivatives, National Futures AssociationMoris Danon, CFA, Product Manager, ProtoColl, DTCC

Turbo-Powering SEFsWhile SEFs have become a part of business as usual, they still frustrate many teams. From having too few products to transparency compromising trading abilities to access challenges, SEFs still have many ways to develop. This panel will discuss those challenges as well as how you might expect these problems to be solved.Moderator: Leslie Sutphen, President, Financial Markets ConsultingJames Wallin, Chief Administrative Officer -Fixed Income, AllianceBernsteinSunil Challa, Director – Markets Business Process Strategy, BarclaysLisa A. Cavallari, Director, Fixed Income Derivatives, Russell Investments

11:00 am Networking Break

Simultaneous Sessions

4

1:00 pm Innovations in Collateral Risk Assessment Irene Aldridge will outline the evolution of collateral pricing, recent trends in the industry and regulation, and present her latest research in what is coming next in collateral management and risk.Presentation by Irene Aldridge, Managing Director, ABLE Alpha Trading

Keeping Track of Clearing RequirementsFor many global organizations, keeping track of what needs to be cleared where causes an enormous amount of overwork. This session will dissect the various regimes with clearing requirements and best practices for streamlining the oversight process, especially when expanding into new emerging markets.Moderator: Jaclyn Tholl, EVP and CCO, Straits FinancialAnthony Azzara, Vice President, CitibankEric Bolisay, Vice President – Head of Derivatives Strategic Operations, T. Rowe PriceJames Koutoulas, CEO, Typhon Capital Management

1:45 pm Passing Time

Simultaneous Sessions

12:00 pm Lunch

11:30 am Regulators REALLY DO CARE about Trade Reporting Data Quality

The first prescriptive approach to trade reporting data quality from a regulator arrived in December in the form of the CFTC’s Division of Swap Dealer and Intermediary Oversight

(DSIO) Advisory Letter. This is the beginning of a trend. Regulators are past the phase where timely reporting is sufficient and have begun to scrutinize the content and accuracy of data

being collected so that they can measure systemic risk and detect suspicious activity. We will describe proposed changes to CFTC and EMIR reporting and demonstrate the discrete components of Risk Focus’ Report-it. Trade product suite that are being used today by

reporting parties across jurisdictions as part of their regulatory reporting quality and control framework.

Presented by Lloyd Altman, Global Head, Validate. Trade, Risk Focus

1:55 pm Post-Trade Reconciliations of DerivativesDerivatives trades present unique challenges to reconciliations teams. This session will discuss best practices for managing and preparing the data involved, tips for creating a firm-wide policy that can respond to local nuances, and how to be nimble enough to adapt to regulatory updates.Moderator: Matthew Pike, Assistant Vice President, Neuberger BermanRochelle Hardy, Director, BlackRockAnthony Azzara, Vice President, CitibankMax Itkin, Director of Operations, Pentwater Capital Management

Cybersecurity Concerns at FCMsEvery firm is a target for cybersecurity breaches. This panel will discuss how FCMs can put in place safeguards to not only keep the FCM secure but also spot breaches in customers, including best practices offered by the CFTC, implementation of NFA requirements, and how to find the right cybersecurity technology.Moderator: Cheryl Fitzpatrick, CEO, Futures Compliance Inc.Jaclyn Tholl, EVP and CCO, Straits FinancialJennifer Baum, Chief Compliance Officer, Dorman Trading LLCTerrence Gilhooly, Director, Head of Futures and Options, RBS

2:45 pm Networking Break

3:15 pm

4:00 pm

General Session: Derivatives DataDerivatives processing generates a multitude of data. This session will discuss the room for

growth in data flows, from integrating derivatives data to in-house hubs to the need for normalized files from third parties.

Leslie Sutphen, President, Financial Markets ConsultingSunil Challa, Director – Markets Business Process Strategy, Barclays

Irene Aldridge, Managing Director, ABLE Alpha Trading

Keynote PresentationMr. Bandman will be discussing recent regulatory developments, the CFTC’s 2016 agenda,

clearinghouse equivalence with EU and the CFTC’s use of data in risk surveillance.Presented by Jeffrey M. Bandman, Acting Director, Division of Clearing and Risk, U.S.

Commodity Futures Trading Commission

4:30 pm Welcome Reception

6

9:00 am General Session: CCPs, Risk, and InnovationWhether CCPs create systemic risk has been debated ad nauseum. This session will look at

the question in a new light: how adaptable are CCPs to new kinds of products, and what implications that adaptability has on innovation and CCP use.

Eric Aldous, Managing Director, Head of Futures, RBC Capital MarketsThomas Lloyd, General Counsel, Campbell & Company

9:50 am Keynote Presentation: Mitigating Systemic Risks in the Derivatives MarketsPresented by Petal Walker, Chief Counsel for Commissioner Bowen, U.S. Commodity

Futures Trading Commission

10:30 am Networking Coffee Break

11:10 am Collateral Management of the FutureIn the past two years, firms have seen collateral demand skyrocket. What will the collateral management demand look like in 2020? Will cash still be king? And what kind of solutions will exist to streamline collateral management practices? This session will attempt to look into a crystal ball and answer these questions.Moderator: Scott Linden, Managing Director, Wilmington Trust, N.A.Edward Hellaby , Collateral Product Manager, Americas, FISStephen Bruel, Vice President, Investor Services & Markets, Brown Brothers Harriman & Co.Ed Cockram, North American Product Consulting Director, 4sight Financial Software LtdMarya Burgio Wlos, Director – Global Head of Trade Agreement Coordination, UBS Asset Management

BCBS – IOSCO Requirements and Your Bottom LineThe newly-finalized BCBS-IOSCO rules have resulted in pricing and clearing mandates that are not conducive to a profitable business model. This panel will discuss the negative impacts of these regulations and how to keep business going when the regulators get in your way.Lance Carlton, Director, TD Securities (USA) David Boyd-Booker, Head of Fixed Income Derivatives for the Americas - Legal, Credit Agricole CIB

Day TwoBreakfast

and Check-In at 8:15 am

Simultaneous Sessions

7

12:00 pm Passing Time

12:10 pm Non-Cleared Margin – No Margin for Error• New rules, new challenges –

identifying the operational challenges the rules create

• A case for change – current industry practice and the transformation required

• Making exceptions the emphasis –industry collaboration to drive efficiency and facilitate compliance

Presented by Mary Harris, Business Manager in North America for triResolve, TriOptima

CDS Market UpdateAdam Yonce has been a core member of the team of economists responsible for conducting the SEC’s economic analysis for new derivatives rules since 2010. During this session, Adam will provide an overview of the current state of the CDS market, including observations on liquidity and trends in central clearing. He will also discuss open questions that are in need of further research, including the growth of cross-border activity and the potential for market fragmentation, block trade reporting, and joint liquidity in derivative and underlying markets.Presented by Adam Yonce, Assistant Director,Division of Economic and Risk Analysis, US Securities and Exchange Commission

12: 40 pm Lunch

1:40 pm General Session: FCM ProfitabilityNew rules from BCBS put capital charges on several classes of derivatives—and

inadvertently make clearing OTC swaps unprofitable for FCMs. This session will describe the conundrum in full and discuss ways to return FCMs to profitability.

Moderator: Lisa A. Cavallari, Director, Fixed Income Derivatives, Russell InvestmentsJames Koutoulas, CEO, Typhon Capital Management

Jeffrey Ollada, Managing Director, Mizuho Securities USATerrence Gilhooly, Director, Head of Futures and Options, RBS

2:30 pm Chairperson’s Closing RemarksPhil Sindel, Senior Managing Director, Olmstead Associates

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